Berlin, IL—62670
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berlin, IL
As of Oct '25, the median home price in Berlin, IL is $220,000, with a year-over-year change of 6.7%. This indicates that home prices in Berlin, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | 6.7% |
| Single Family | $220,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berlin, IL
Berlin, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Berlin, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Berlin, IL is 48. This is a decrease of -37.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $207,000 | 92.0% |
Listing Count | 6 | 42.0% |
| Listings as % of Homes | 0.2% | 42.0% |
Days on Market | 48 | -37.0% |
Demographics — Berlin, IL
As of the latest ACS Survey released in 2023, Berlin, IL has a population of 2,700, which has decreased by -6.5% over the past 5 years. Berlin, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 35.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,700 | -6.5% |
% Under 18 | 22.0% | -24.4% |
% Seniors | 21.2% | 27.7% |
% WFH | 15.1% | 135.9% |
% w/ College Degree | 35.5% | 8.2% |
As of the latest ACS Survey released in 2023, Berlin, IL is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Berlin, IL is black, making up 2.1% of the population. Foreign-born residents account for 0.3% of the population in Berlin, IL, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.3% | -1.6% |
% Black | 2.1% | 200.0% |
% Hispanic | 0.2% | -50.0% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Berlin, IL
According to HUD data as of 2023, there were 88 mortgage originations in Berlin, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Berlin, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Berlin, IL
Berlin, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Berlin, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $220,000 |
| Median Household Income | $77,000 |